The Impact Of Information Technology On The Growth And Development Of Banking Industry In Nigeria: A Case Study Of United Ban For Africa Plc (UBA), First Bank Of Nigeria Plc (FBN) And Zenith Bank Plc

Project and Seminar Topics with material for Banking and Finance

The Impact Of Information Technology On The Growth And Development Of Banking Industry In Nigeria: A Case Study Of United Ban For Africa Plc (UBA), First Bank Of Nigeria Plc (FBN) And Zenith Bank Plc


Abstract


Some of the tropical issues posing serious problems in both the private and sector are advances in technology. The sector that has been most radically affected is the financial sector. This information technology has become a critically business resource because its absence could result in poor decision and ultimately business failure. In this regard, the researcher intends to find out the impact of information technology on the growth and development of banking industry in Nigeria. The work paid attention to the concept of information technology, history of information technology, evolution of Nigerian banking industry, banking operations in Nigeria, application of information technology in Nigerian banking industry, the role of information technology in Nigerian banking industry, and the problems and challenges of information technology in Nigerian banking industry. The study examined the performance of the big three (3) commercial banks in Nigeria that adopts information technology in their banking operations. The researcher concluded that the introduction of information technology in Nigerian banking industry has immensely developed our banking sector.


Chapter One


Introduction

1.1 Background of the Study

Information to a modern organization is a resource that is parallel in importance to land, labour and capital. It is a very vital and priceless resource. For centuries, man has tried to collate, store, process and retrieve information, and most importantly distribute or communicate it via the fastest means. It follows, therefore that man has tried various ways and methods to record and disseminate information in his attempt to proffer solutions to competing tasks over the centuries. Information therefore, is data that have been processed into meaningful and usable form, and it contains knowledge that reduces uncertainty in a particular situation (Senn, 1999). A powerful force drives the world towards a converging commonality, and that force is technology (Levitt, 1992). From the beginning of the world technology has being one of the most essential and important factors for the development of mankind (Coombs et al, 1987). During the last two hundred years, technology changes have often been related ‘to economic growth in the form of new types of goods and services.

However, information technology is a term which • generally covers the harnessing of electronic technology for the information needs of businesses at all levels. It Is a computer- based system as well as telecommunication technology for storage, processing, and dissemination of information, (Princhard and Cole 1997). It is no longer news that we are now in information age that is revolution and an information superhighway on which every corporate entity and profession must adopt if it is to survive in the 2 N century. The world of business and governance in the information age is further complicated by such concept such as democratization, competition, deregulation, privatization, commercialization, liberalization, internalization and computerization. This makes it impossible for an organization or country to survive and grow without information technology.

Today’s business environment is very dynamic and undergoes rapid changes as a result of technological innovations, increased awareness and demands from customers. Business organizations, especially the banking sector of the 21st century operates in a complex and competitive environment characterized by these changing conditions and highly unpredictable economic climate. Laudon and laudon, (1991), contend that managers cannot ignore information technology it because R plays a critical role in the advancement of contemporary organization.

The adoption of information technology concepts, techniques, policies and implementation strategies to banking services has become a subject of fundamental importance and concerns to all banks. This is owing to the fact that it is a prerequisite for local and global competitiveness. Information technology has directly influence the products and services that are offered in the banking industry. It has continued to change the way banks and their corporate relationship are organized worldwide and the variety of innovative devices available to enhance the speed and quality of service delivery. The banking industry in Nigeria has witnessed tremendous changes linked with the developments in information technology over the years. The quest for survival, global relevance, maintenance of existing market share and sustainable development has made exploitation of the many advantages of information technology through the use of automated devices imperative in the banking industry. It is against this backdrop that this study seeks to examine the impact of information technology on the growth and development of banking industry in Nigeria with particular reference to United Bank for Africa plc, (UBA), First Bank of Nigeria plc (FBN), and Zenith Bank Nigeria plc.


The Impact Of Information Technology On The Growth And Development Of Banking Industry In Nigeria: A Case Study Of United Ban For Africa Plc (UBA), First Bank Of Nigeria Plc (FBN) And Zenith Bank Plc


Project Material Download

3,000 Naira


The complete material will be sent to you in just 2 steps.

Quick & Simple…


Step One Purchase

Make payment of ₦3,000: through USSD Transfer, Bank Mobile App, ATM Transfer, or POS Transfer to:

Access Bank PlcAccount No.: 0811003731
Name: Samphina Academy
Account Type: Current

Or Click Here to pay with Debit Card

FOR CLIENTS OUTSIDE NIGERIA:
Click Here to pay with Debit Card ($15)
GHANA – Make Payment of 60 GHS to MTN MoMo, 0553978005, Douglas Osabutey 

  PAY WITH CRYPTOCURRENCY


Step Two Purchase

Send the following details through Text Message or WhatsApp Messenger | +234-8143831497

  • Payment Details 
  • Email Address 
  • The Impact Of Information Technology On The Growth And Development Of Banking Industry In Nigeria: A Case Study Of United Ban For Africa Plc (UBA), First Bank Of Nigeria Plc (FBN) And Zenith Bank Plc

The complete material will be sent to your email address after receiving your payment information | T & C Apply


  Contact Our Help Desk


You may also like:

⚠️ Need a different topic? Perform a quick search



Get A Complete Business Plan For Any Business In Nigeria

Business Plan for Businesses in Nigeria

  Business Plans in Nigeria


The Impact Of Information Technology On The Growth And Development Of Banking Industry In Nigeria: A Case Study Of United Ban For Africa Plc (UBA), First Bank Of Nigeria Plc (FBN) And Zenith Bank Plc


Disclaimer

This research material “The Impact Of Information Technology On The Growth And Development Of Banking Industry In Nigeria: A Case Study Of United Ban For Africa Plc (UBA), First Bank Of Nigeria Plc (FBN) And Zenith Bank Plc” is for research purposes and should be used as a guide in developing your research project / seminar work. For no reason should you copy word for word (verbatim) as samphina.com.ng will not be liable for any who copied the material.

The aim of providing this material is to reduce the stress of moving from one school library to another all in the name of searching for research materials. This service is legal because, all institutions permit their students to read previous projects, books, articles or papers while developing their own works. According to Austin Kleon “All creative work builds on what came before”.

samphina.com.ng is only providing this material “The Impact Of Information Technology On The Growth And Development Of Banking Industry In Nigeria: A Case Study Of United Ban For Africa Plc (UBA), First Bank Of Nigeria Plc (FBN) And Zenith Bank Plc” as a reference for your research. The paper should be used as a guide or framework for your own paper. The contents of this paper should be able to help you in generating new ideas and thoughts for your own research. Use it as a guidance purpose only.


How to defend your research work


This is a general guide on how to defend your research work:

1. Prepare For Questions:

If you are preparing for questions that may be asked during your defense, then your answers will flow smoothly and effectively. This will prove your knowledge on the subject e.g “The Impact Of Information Technology On The Growth And Development Of Banking Industry In Nigeria: A Case Study Of United Ban For Africa Plc (UBA), First Bank Of Nigeria Plc (FBN) And Zenith Bank Plc“, and strengthening your argument. Ask friends and family, read your work for them to listen to your presentation, and write down questions. You may be lucky the panel will ask you those you have already prepared on.

2. Strong Summary:

Summarizing your chapters will help keep your audience focused because it is easy for a mind to drift, so providing summaries will ensure your panel will follow along, even if they lose focus for a brief moment. Visual aides, such as graphs and power-point presentations can be very helpful. If you are going to use these, make sure you will practice your presentation with them.

3. Be Confident in Your Research Work:

Not knowing your topic “The Impact Of Information Technology On The Growth And Development Of Banking Industry In Nigeria: A Case Study Of United Ban For Africa Plc (UBA), First Bank Of Nigeria Plc (FBN) And Zenith Bank Plc” inside out will cause you to struggle and ultimately fail with your defense. You need to know the subject from every angle to ensure you are fully prepared for any question that may come your way.

4. Conclusion:

Reinforce your findings to conclude your defense. The finale of your presentation should focus on proving the work that has been done. You may need to recap on what has changed and remained unchanged, if is necessary.

5 . Listen:

Before you get defensive or recite a particular answer, make sure you truly understand the question being asked. Being a good listener is an important quality, because providing an inaccurate or off-topic answer will also weaken the validity of your paper.


Frequently Asked Questions


How information technology is transforming the banking industry?

Other researches show that information technology has been providing solutions to banks to take care of their accounting and back office requirements. This has, however, now given way to large scale usage in services aimed at the customer of the banks.

Which sector has been most radically affected by the information technology developments?

The sector that has been most radically affected by the information technology developments is the banking system. The information technology has become a critical business resource because its absence could result in poor decisions and ultimately business failure.

How has the banking sector been affected by the downturn?

With average site budgets in excess of $4 million, the highest in the survey group, the downturn for banking has affected the entire IT market. Banking had the highest negative rating in its attitude towards IS spending; almost half checked choices indicating stable spending with no major growth in any area, or a contraction of spending.

What is the role of Information Technology in econometrics analysis?

Econometrics analysis was employed to differentiate between dependent variable (Y) and independent variables (X) and also to explain other macro economic variables in the study. From the findings it shows that information technology play a significant role in developing the banking industries and giving an effective performance to the industries. 

Samphina Academy

Samphina Academy is an Online Educational Resource Center that is aimed at providing students with quality information and materials to aid them in succeeding in their academic pursuit.